Ipca-Ranbaxy alliance to market Metformin HCL tablets in US

14 Aug 2007

1

Mumbai: Ipca Laboratories which has formed a strategic alliance with Ranbaxy Laboratories'' US subsidiary Ranbaxy Pharmaceuticals Inc., has received approval from US Food and Drugs Administration to manufacture and market Metformin Hydrochloride USP tablets 500mg, 850mg and 1000mg in the US market.

Under the strategic alliance, Ohm Laboratories, Inc., a wholly owned subsidiary of RLL has now received approval from US Food and Drugs Administration to manufacture and market Metformin Hydrochloride USP tablets 500mg, 850mg and 1000mg in the US market.

Metformin HCL tablets has total annual market sales of $ 379 millions in the US, according IMS-MAT March 2007 data..

This is the fifth such product approval received under the alliance from US FDA, Ipca said in a filing with the Bombay Stock Exchange (BSE).

The company will manufacture this formulation utilising its facilities in India. It is setting up a new formulations manufacturing facility meeting US regulatory requirements at SEZ Indore. The company is already holding US DMF of Metformin HCL.

Ranbaxy will commercialise this product in the US market utilising its established marketing expertise and distribution network.


Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more